EURUSD Analysis==>>Inverted Head and Shoulders Pattern!!!EURUSD ( FX:EURUSD ) is moving near the Upper line of the Descending Channel , Support zone($1.0816-$1.0775) , and Support lines .
Regarding Classic Technical Analysis , EURUSD has already broken the Neckline of the Inverted Head and Shoulders Pattern ( Bullish Reversal Pattern ).
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect EURUSD to rise to at least the width of the descending channel after breaking the upper line of the descending channel and SMA(100) and then attacking the Resistance lines .
⚠️Note: If EURUSD goes below $1.075, we must wait for more dumps to at least $1.069⚠️
Euro/U.S.Dollar Analyze (EURUSD), 1-hour Time frame ⏰.
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Bearish drop?NZD/USD is rising towards the resistance level which is an overlap resistance that is slightly below the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.5986
Why we like it:
There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 0.5913|
Why we like it:
There is a pullback support level.
Take profit: 0.6024
Why we like it:
There is an overlap resistance level that is slightly above the 38.2% Fibonacci retracement.
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short GOLD for a quick scalp on the 30 min timeframeWe're hitting a resistance on the 30min timeframe.
If it's broken, i'll close the trade and enter on the second resistance zone i drew.
Bollinger bands on the 30 min timeframe, and RSI/MA cross on the 5 min timeframe (above 70) is telling me that it might be time for a small scalp (short).
#XAUUSD #GOLD 4HBased on the 4-hour analysis, the current floating candle demonstrates significant volume strength. If the price manages to close above Friday's high, it’s anticipated that the bullish momentum could drive the price directly towards the 2800.00 level. However, if the price fails to break this resistance, we may likely witness a retracement before any further upward movement.
#XAUUSD
US30 BUY ANALYSIS US30 BUY ANALYSIS
Technical Analysis:
1. Ascending Channel:
• The price is trading within a well-defined ascending channel. The current position of the price is at the lower boundary of the channel, which typically acts as a strong support zone.
• Buying near the lower trendline is a strategic move, as the expectation is for the price to move back up towards the upper boundary of the channel, following the trend.
2. Support and Risk Management:
• The lower channel boundary aligns with a previous key support level, increasing the probability of a bounce. This provides a favorable risk-to-reward ratio, with a clear stop-loss below the channel.
• The trade setup targets a move to the upper channel boundary, offering a potential upside while keeping risks managed.
3. Bullish Momentum:
• The overall structure remains bullish, with the price making higher highs and higher lows within the channel. This indicates that the broader uptrend is intact, making a buy position at support more attractive.
Conclusion:
The decision to buy US30 here is based on the current position within the ascending channel, taking advantage of the support provided by the lower trendline and targeting a potential move back towards the channel’s upper boundary for profitable opportunities.
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term.
Bullish and Bearish Scenarios:
Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities.
Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647.
Support and Resistance Levels:
Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure.
Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum.
Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction.
Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue.
Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.
#USDCHF 1HThe USDCHF 1-hour chart is showing a rising channel support, suggesting a potential buying opportunity as price approaches the lower boundary of a well-established upward channel. This support area has previously acted as a launchpad for upward moves within the channel, indicating strong buying interest at these levels.
As the price tests the channel support, the likelihood of a bounce or continuation to the upper boundary increases, supporting a buy setup from this area.
Key points to consider:
- The rising channel support aligns with the prevailing bullish trend, reinforcing the setup.
- Price stability or bullish candlestick patterns at this level could confirm buyers' interest.
- Momentum indicators (such as RSI or MACD) may indicate oversold conditions, adding confidence to the bullish forecast.
Overall, the forecast for USDCHF in the near term is bullish, with potential gains as price respects the rising channel support.
#EURJPY 1HThe EURJPY 1-hour chart is currently testing the **channel resistance**, indicating a potential selling opportunity as price reaches the upper boundary of a well-defined downward or sideways channel. This resistance area, formed by multiple touches, has held consistently, suggesting that sellers may step in to maintain the channel structure.
With the pair facing channel resistance, the likelihood of a pullback or continuation to the lower channel boundary increases, favoring a sell setup from this level.
Key points:
- The channel resistance acts as a barrier, which could cap upward moves.
- Price rejection at this level would signal sellers' strength and validate the setup.
- Momentum indicators (such as RSI or MACD) could confirm overbought conditions, supporting the bearish outlook.
In summary, the forecast on EURJPY in the near term is bearish, with a focus on lower levels as the price respects channel resistance.
#XAUUSD 4HThe XAUUSD (Gold) 4-hour chart is displaying a classic Head and Shoulders pattern combined with a trendline breakdown, signaling a bearish setup. The Head and Shoulders pattern is a well-known reversal pattern that often indicates a potential shift from bullish to bearish momentum. This formation, along with a confirmed breakdown below the neckline and a key trendline, strengthens the bearish bias.
Following the trendline breakdown, sellers appear to be in control, with the probability of a continued decline in price. This suggests an optimal **sell** opportunity with a focus on lower price targets.
Key considerations:
- The Head and Shoulders pattern confirms a likely trend reversal.
- Trendline breakdown adds confluence to the bearish setup.
- Further downward pressure may be anticipated, particularly if there is no successful retest of the broken trendline.
Overall, the forecast leans towards a bearish outlook on XAUUSD in the short to medium term.
Heading into 50% Fibonacci resistance?The Swissie is rising towards the pivot which is an overlap resistance and could reverse to the 38.2% Fibonacci support.
Pivot: 0.8667
1st Support: 0.8636
1st Resistance: 0.8686
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#EURCHF 4HEUR/CHF 4-Hour Chart Analysis:
The EUR/CHF 4-hour chart is showing strong price action near a key support level. This zone has been tested multiple times, and buyers have consistently defended it, suggesting that it could act as a solid foundation for a potential upward move.
Forecast:
-Buy near the support level, as the price is expected to bounce higher from this zone.
- The support level is likely to hold, providing a good opportunity for buyers to enter the market before an upward reversal.
- Look for further confirmation through bullish candlestick patterns or increased buying volume to validate the support and signal a continuation of the uptrend.
Let me know if you'd like any adjustments!
#NZDUSD 2HNZD/USD 2-Hour Chart Analysis:
The NZD/USD 2-hour chart is forming a falling wedge pattern, a bullish reversal signal. The price has been moving downward within the wedge, but the narrowing range suggests that selling pressure is weakening, and a breakout to the upside is likely.
Forecast:
-Buy once the price breaks above the upper resistance line of the falling wedge, signaling a bullish reversal.
- A breakout from this pattern often leads to a strong upward move as buying momentum builds.
- Watch for confirming signals, such as increased volume or bullish candlestick patterns, to validate the breakout and strengthen the buy signal.
Let me know if you’d like to tweak any details!
#GBPAUD 1DAYGBP/AUD 1-Day Chart Analysis:
The GBP/AUD 1-day chart is currently displaying a symmetrical triangle pattern, with the price still moving within the converging trendlines, indicating indecision in the market. This pattern typically suggests that a breakout could occur in either direction, but for now, the price remains within the range.
Forecast:
-Sell if the price breaks below the support line of the symmetrical triangle, confirming a bearish breakout.
- A breakdown of the triangle pattern often leads to a significant downward move, as selling pressure increases after the support is breached.
- Wait for confirmation of the breakdown through price action, such as candlestick patterns or increased selling volume, to avoid false signals.
Feel free to adjust the details according to your strategy!
#AUDUSD 1 DAYAUD/USD 1-Day Chart Analysis:
The AUD/USD 1-day chart has experienced a trendline breakdown, signaling a shift from bullish to bearish momentum. After a sustained upward movement, the price has broken below the ascending trendline, indicating that sellers are gaining control and the trend is likely to reverse.
Forecast:
Sell once the price confirms the breakdown below the trendline, suggesting a continuation of the downward move.
- This breakdown signals the potential for further selling pressure, as the price is expected to move lower after the trendline is breached.
- Look for confirmation through bearish price action or increased selling volume to strengthen the sell signal.
Let me know if you need any modifications!
#GBPUSD 2HGBP/USD 2-Hour Chart Analysis:
The GBP/USD 2-hour chart is showing a bullish engulfing pattern at a key support level, indicating a potential reversal and buying opportunity. The bullish engulfing candlestick suggests that buyers have taken control after a period of selling pressure, reinforcing the importance of the support zone.
Forecast:
- Buy after the confirmation of the bullish engulfing pattern at the support level, signaling a likely upward movement.
- The support zone is expected to hold, and the engulfing pattern suggests the beginning of a new bullish trend.
- Additional confirmation through volume increase or further bullish price action can strengthen the buy signal.
Let me know if you'd like any changes!
#AUDCHF 1DAYAUD/CHF 1-Day Chart Analysis:
On the AUD/CHF 1-day chart a bullish engulfing pattern or a strong order block has formed, signaling potential buying pressure. The engulfing candlestick suggests that buyers have overpowered sellers, indicating a possible reversal in the market. Similarly, the order block represents a zone where institutional buying has taken place, reinforcing a bullish outlook.
Forecast:
Buy after the formation of the bullish engulfing candle or once the price re-enters the order block zone.
These patterns typically suggest that the price is ready to move higher, and buyers may push the market upward.
Look for further confirmation through price action or volume increase to strengthen the buy signal.
Let me know if you'd like any modifications!
#GBPCHF 4HGBP/CHF 4-Hour Chart Analysis:
The GBP/CHF 4-hour chart is currently forming a symmetrical triangle pattern, with the price moving within a tightening range. This pattern indicates indecision in the market, with the potential for a breakout in either direction. Traders should be prepared for a strong move once the price breaks out of the triangle.
Forecast:
-Buy if the price breaks above the resistance of the triangle and successfully retests the breakout level, signaling a continuation of the upward move.
Sell if the price breaks below the support and retests the breakdown level, confirming a potential downward trend.
Wait for confirmation of the breakout or breakdown with volume and candlestick patterns to avoid false signals.
Let me know if you'd like any adjustments!
#GBPAUD 1HGBP/AUD 1-Hour Chart Analysis:
On the GBP/AUD 1-hour chart, the price is approaching the channel resistance within a well-defined upward channel. The price has tested this resistance several times, and each rejection indicates the likelihood of a reversal from this level.
Forecast:
-Sell when the price approaches or rejects the channel resistance line, signaling a potential downward move.
- This resistance level is expected to hold, making it a strong point for a sell opportunity.
- Look for confirming signals such as bearish candlestick patterns or declining volume to support the reversal and continuation towards the lower end of the channel.
Let me know if you’d like to make any changes!
#EURUSD 1HEUR/USD 1-Hour Chart Analysis:
On the EUR/USD 1-hour chart, the price has reached a key support level, signaling a potential area for a bullish reversal. The market has shown resilience at this level multiple times, indicating strong buying interest from traders.
Forecast:
- **Buy** near the support level, as the price is expected to bounce back from this zone.
- This support level is likely to hold, making it a good entry point for a potential upward movement.
- Watch for bullish price action, such as candlestick patterns or increased buying volume, to confirm the reversal and the continuation of the uptrend.
You can adjust it to match your strategy as needed!
#CADJPY 4HCAD/JPY 4-Hour Chart Analysis:
The CAD/JPY 4-hour chart shows a trendline breakout, accompanied by a strong support level. After moving in a downtrend, the price has successfully broken above the descending trendline, indicating a shift towards bullish sentiment. Additionally, the price has found support at a key level, reinforcing the possibility of an upward move.
Forecast:
- Buy after the price confirms the breakout above the trendline and holds above the support level.
- This breakout suggests a change in market direction, signaling a potential upward rally.
- Look for further confirmation through volume and price action to validate the strength of the trend continuation.
Let me know if you need any adjustments!
#CHAJPY 2HCHF/JPY 2-Hour Chart: Pattern and Forecast
On the CHF/JPY 2-hour chart, the price is nearing a key support level, with a bearish pattern suggesting potential downside movement.
Support Zone:
The pair is hovering around a notable support area that has held in previous sessions. A breakdown of this level would confirm the bearish sentiment.
Forecast:
A sell opportunity is forecasted as the market shows signs of weakness around the support zone. If the support level breaks, it could lead to further downward momentum, targeting lower price levels. Traders should monitor for confirmation before executing the sell trade to avoid false breakouts.